Rathbones Group Confirms Share Premium Cancellation
Why we think this is neutral
The RNS announcement confirms the High Court's approval of Rathbones Group's application to cancel the amount standing to the credit of the company's share premium account. This is a procedural update and does not contain any financial figures or business performance information.
Key Points
- High Court approval for cancellation of share premium account
- Cancellation approved by shareholders at AGM on 8 May 2025
- No impact on ordinary shares, number of shares, or regulatory capital
Summary
The financial services firm has received High Court approval to cancel its share premium account.
Rathbones Group PLC has announced that the High Court of Justice has approved the company's application to cancel the amount standing to the credit of the company's share premium account as it stood at 31 December 2024. This was approved by shareholders at the annual general meeting on 8 May 2025. The cancellation will not affect the rights of the company's ordinary shares, the number of shares in issue, or the Group's consolidated regulatory capital.
GENERAL UPDATE